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We compared Allianz and NRMA's comprehensive car insurance policies so you can see exactly what's included in each.
What are the main differences between Allianz car insurance and NRMA policies?
Here's what differs between the two providers:
Accidental death benefit. Allianz comprehensive car insurance policy will pay your estate if you suffer an injury that results in your accidental death. Few others, including NRMA, doesn't provide this benefit.
NRMA does not operate in every state. You will likely have to take out a policy with one of NRMA's partners, such as RAVC, if you live in Victoria or the Northern Territory.
Rental car after theft. Allianz will pay you $100 a day for up to 21 days to go towards a rental car if your vehicle is stolen. NRMA also provides this benefit but it only pays $75 for up to 21 days.
Emergency repairs. NRMA comes out on top for this one, offering up to Yes - $800 towards emergency repairs compared to Allianz's Yes - $500 benefit.
Emergency travel and accommodation costs. If you travel a lot, you might think about this benefit. NRMA does not specify how much cover it provides but does state that it can organise accommodation and a hire car for you or make travel arrangements if you are more than 100km from home. Allianz, on the other hand, provides up to Yes - $500 for this service.
Personal property. If certain items and valuables are accidentally damaged or stolen from your car, NRMA reimburses you for up to $500 and Allianz $500.
How do they compare side by side?
Allianz Comprehensive
NRMA Comprehensive
Underwriter
Allianz Australia Insurance Limited
Insurance Australia Limited
Accidental Damage
Damage to other people's car
Bonuses
No
No
Roadside assistance
No
Optional
Agreed or market value
Agreed
Agreed or Market
Choice of repairer
Optional
Legal liability
Yes - $20,000,000
Yes - $20,000,000
Fire and theft
Storm
Flood
Hire car after theft
Yes - Up to $50 per day - Until claim is completed
Yes - Up to $75 per day - Up to 21 days
Hire car after no fault accident
Optional - Up to $50 per day - Until claim is completed
Hire car after at fault accident
Yes - Up to $50 per day - Until claim is completed
Optional - Up to $75 per day - Up to 14 days
Emergency repairs
Yes - $500
Yes - $800
Emergency travel and accommodation costs
Yes - $500
Yes - $1,000
New car replacement
2 years
2 years
Personal effects/property
$500
$500
Locks and keys replacement
Yes - $1,000
Yes - $1,000
Emergency repairs
Towing
Trailer cover
$1,000
Important
Limits, exclusions and terms and conditions apply. Read the Product Disclosure Statement.
Limits, exclusions and terms and conditions apply. Read the Product Disclosure Statement.
What are the benefits of Allianz and NRMA policies?
Allianz and NRMA provide several reasons to buy a policy with them. Some of these benefits include:
Protects your tools. You can add "tools of trade" cover with both policies. Ideal for tradespeople, this covers your tools if they are stolen from your vehicle for up to $1,500 with NRMA and No with Allianz.
Keys replacement. Allianz and NRMA will cover you for up to $1,000 to replace or re-code your vehicle's keys.
No claim discount. With NRMA, you may get a no claim bonus of between 0% and 60% depending on your claims history and driving experience. You can move up a level each year, until you reach 65%. Allianz provides something similar called Safe Driver Benefits. Every two years of claims-free insurance will give you an extra star, until you've achieved the maximum six-star rating, which comes with a 15% discount and Allianz Star Rating Protection. With this, you won't lose a star for your first at-fault claim in a policy year.
How do their exclusions compare?
Both Allianz and NRMA policies contain similar general exclusions. You won't be covered if:
Your vehicle is driven by an unlicensed driver or someone under the influence
Your vehicle is used in an unsafe or unroadworthy condition
You exceed loads or passenger limits
You are carrying passengers for hire, fare or reward
You make a claim for consequential loss
You are involved in a deliberate, intentional, malicious or criminal act
For a full list of exclusions, always read the product disclosure statement (PDS).
What companies does each underwriter work with?
Allianz underwrites its own policies while NRMA is part of the Insurance Australian Group (IAG). IAG operates several Australian insurance brands including Swann Insurance, SGIC, SGIO and CGU. It also has businesses in Australia, New Zealand and the UK. Allianz is well established globally, with businesses throughout the world. Its headquarters is in Munich.
Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, news.com.au, The Telegraph, Explore Travel and Escape. Gary holds a Kaplan Tier 1 General Insurance (General Advice) certification and a Kaplan Tier 1 Generic Knowledge certification which meets the requirements of ASIC Regulatory Guide 146 (RG146).
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